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Real public servants are free enterprising individuals who, inspired, embrace challenge, take risks, and create, sometimes big, and often, they create jobs in the process, all out of their ideas, and self initiative...

Friday, October 30, 2009

Calpers Loses 23% of Taxpayer Guaranteed Funds in One Year, Voters say no to Imposters, and U.S. Commerce Battles for our Future: Sat. Oct 30, 2009

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New York Congressional Race District 23 is a revolt of Republican registered voters against their own party. They want limited government and are demonstrating to their party officials and leaders, they mean business. Scott Wheeler, Executive Director of the National Republican Trust
drops in for a quick update on the battle that illustrates for Republican Party bosses what their voters want and what constitutes a deal breaker.

As the Fight Over Global Warming Heats Up, so does growing skepticism and concern over flaws in the climate change models and so does the frenzy of the proponents for cap-and-trade legislation in the Senate, to ram policy through without delay. Is it really a crisis? If so, what's the crisis?

Tom Borelli, formidable advocate for free enterprise, editor of FreeEnterpriser.com and Director of the Free Enterprise Project at the National Center for Public Policy Research, joins us to talk about the proposed cap-and-trade policy, and what is shaping up as an epic battle between the U.S. Chamber of Commerce to defeat it, and the Obama Administration's relentless pursuit to ram it through.

Who are the players? Who are the companies that have jumped ship and joined with Obama's team? Who wins and who loses if the U.S. Chamber of Commerce loses?

Pension Funds for Public Employees Lost $600 Billion Last Year (fiscal year ended June 30), and taxpayers are on the hook. Calpers'losses, with funds guaranteed by the taxpayers, are 9.4% of that $600 billion dollars.

Marcia Fritz, President of Californians for Pension Reform, joins us to discuss the unbelievable, corrupt, costly abuse of public trust and the public's legal obligation to cover the losses. We'll look at how Calpers directors have played fast and loose, taken extreme and hazardous risks on investments, and incurred massive losses, down $56.2 billion in one year, 23% of the value, with funds guaranteed by taxpayers.

Worse, in a pay to play racket, former Calpers board member reaped $50 million in fees for arranging the "winning investments." Calpers is an example for what has taken place across the country. Some would call it betrayal, graft, abuse and theft by public employee fund managers but "Calpers' CIO says there's no moral hazard in fund's guarantee by taxpayers."
Ms Fritz will talk with us on how to put the brakes on this now.

The lines are open. I hope you put us on your calendar, tune in, give us a call, and join us for hot talk radio, Saturday at 10AM PT, one fast hour on CRN 1
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Botched Paramilitary Police Raids: An Epidemic of "Isolated Incidents"

"If a widespread pattern of [knock-and-announce] violations were shown . . . there would be reason for grave concern." —Supreme Court Justice Anthony Kennedy, in Hudson v. Michigan, June 15, 2006. An interactive map of botched SWAT and paramilitary police raids, released in conjunction with the Cato policy paper "Overkill: The Rise of Paramilitary Police Raids," by Radley Balko. What does this map mean? How to use this map View Original Map and Database


Death of an innocent. Death or injury of a police officer. Death of a nonviolent offender.
Raid on an innocent suspect. Other examples of paramilitary police excess. Unnecessary raids on doctors and sick people.
The proliferation of SWAT teams, police militarization, and the Drug War have given rise to a dramatic increase in the number of "no-knock" or "quick-knock" raids on suspected drug offenders. Because these raids are often conducted based on tips from notoriously unreliable confidential informants, police sometimes conduct SWAT-style raids on the wrong home, or on the homes of nonviolent, misdemeanor drug users. Such highly-volatile, overly confrontational tactics are bad enough when no one is hurt -- it's difficult to imagine the terror an innocent suspect or family faces when a SWAT team mistakenly breaks down their door in the middle of the night. But even more disturbing are the number of times such "wrong door" raids unnecessarily lead to the injury or death of suspects, bystanders, and police officers. Defenders of SWAT teams and paramilitary tactics say such incidents are isolated and rare. The map above aims to refute that notion.

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